The proposed scheme will fail to live up to the hype initially because the size of the opportunity needs to be put into perspective, says Shiv Taneja of Cerulli.
Tag : mutual recognition
Speculation about the imminent arrival of the cross-border funds scheme between Hong Kong and the mainland appears off the mark.
The US firm moves to launch fund admin services supporting Hong Kong products to cater to rising interest among asset managers on the back of the planned cross-border recognition scheme.
Alexa Lam’s speech on a mutual-recognition funds platform between HK and China was high on rhetoric but short on detail. Here we raise key issues that need to be addressed.
